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Baku delays its e-transfer reporting rule to January and rewrites the thresholds

A day before Azerbaijan's banks were to start reporting every electronic transfer by a client whose transfers had passed 20,000 manat in a year, the Financial Monitoring Service moved the start to 1 January 2027 and rewrote the test. Reporting will follow any single transfer of 20,000 manat or more and, for individuals, every further transfer in a month once the month's total passes 50,000 manat.

By CAW Staff1 October 2026
A top-down grid of small paper slips linked by thin lines, with one row tinted amber.

The service's earlier decision, published on the e-qanun legal portal, set the start at 1 October 2026 with an annual threshold of 20,000 manat or the equivalent in foreign currency, after which a financial institution had to report each subsequent electronic transfer within 3 working days, and cash operations of 20,000 manat or more with it, APA reported at 14:05 Baku time on Wednesday. By 17:15 the agency carried a new decision, dated 25 September, with the changes applying from 1 January 2027.

"The changes, whose application was earlier planned from 1 October 2026, will take effect from 1 January 2027," the service's text says in APA's rendering. Per operation, the line is a single electronic transfer equal to or above 20,000 manat. Per month, for individuals other than business operators, the line is reached when a client's electronic transfers in a calendar month exceed 50,000 manat, after which each further transfer that month is reported, Trend reported at 17:43.

By 17:15 the agency carried a new decision, dated 25 September, with the changes applying from 1 January 2027.

Zaur Fatizade, the chairman of the service's board, was the official AZERTAC quoted on the change, and operations through POS terminals and acquiring stay outside the rule, the state agency reported at 19:00. None of the accounts prints a reason for the postponement.

The rewrite lands in the week Moscow capped the cash roubles a traveller may carry to Azerbaijan and 6 other neighbours at 1 million per person, under Decree 706 in force since 29 September. What changes next: the banks have 3 months to rebuild their reporting around the per-transfer and monthly tests.

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